After getting a $5.7 billion investment from Facebook, Indian’s largest carrier, Reliance Jio, has raised another $748 million at a valuati...
After getting a $5.7 billion investment from Facebook, Indian’s largest carrier, Reliance Jio, has raised another $748 million at a valuation of $65 billion — this time from private equity firm Silver Lake. The firm will own a 1% stake in Jio. Jio is currently India’s biggest telecom network provider with more than 388 subscribers. In a statement, Egon Durban, Silver Lake Co-CEO and managing partner, said the market potential addressed by Jio is enormous: Jio Platforms is one of the world’s most remarkable companies, led by an incredibly strong and entrepreneurial management team who are driving and actualizing a…
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